ZipRecruiter (NYSE:ZIP) CEO Sells $38,401.90 in Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $3.95, for a total transaction of $38,401.90. Following the completion of the sale, the chief executive officer owned 79,257 shares of the company’s stock, valued at $313,065.15. This represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Trading Down 1.4%

ZIP opened at $3.87 on Friday. The stock has a market cap of $326.24 million, a PE ratio of -13.80 and a beta of 1.43. The stock’s 50 day simple moving average is $3.48 and its 200-day simple moving average is $2.92. ZipRecruiter, Inc. has a 1 year low of $1.65 and a 1 year high of $5.61.

ZipRecruiter (NYSE:ZIP) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.09. The business had revenue of $107.55 million during the quarter. Equities analysts forecast that ZipRecruiter, Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZipRecruiter in a report on Monday. UBS Group boosted their price objective on ZipRecruiter from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, The Goldman Sachs Group lifted their price target on shares of ZipRecruiter from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, ZipRecruiter currently has a consensus rating of “Reduce” and an average price target of $3.88.

Hedge Funds Weigh In On ZipRecruiter

A number of institutional investors have recently modified their holdings of ZIP. Caerus Investment Advisors LLC acquired a new position in ZipRecruiter during the 1st quarter valued at about $25,000. Evoke Wealth LLC bought a new position in shares of ZipRecruiter during the fourth quarter valued at about $40,000. nVerses Capital LLC bought a new stake in ZipRecruiter in the 4th quarter worth about $41,000. Quarry LP bought a new position in shares of ZipRecruiter during the 3rd quarter worth approximately $42,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of ZipRecruiter in the 4th quarter worth approximately $43,000. 70.55% of the stock is owned by institutional investors and hedge funds.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects job seekers and employers. Its platform provides various solutions, such as job posting, online interviews, job alerts, match scores, and application updates. The company was incorporated in 2010 and is based in Santa Monica, California.